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18 Dec 2019
Answer the next question on the basis of the following production possibilities data for Egypt and Greece:
Egypt production possibilities:
A B C D E
Shirts 0 3 6 9 12
Pants 24 18 12 6 0
Greece production possibilities:
A B C D E
Shirts 40 30 20 10 0
Pants 0 40 80 120 160
Refer to the above data. What would be feasible terms of trade between Egypt and Greece
Answer the next question on the basis of the following production possibilities data for Egypt and Greece:
Egypt production possibilities:
A B C D E
Shirts 0 3 6 9 12
Pants 24 18 12 6 0
Greece production possibilities:
A B C D E
Shirts 40 30 20 10 0
Pants 0 40 80 120 160
Refer to the above data. What would be feasible terms of trade between Egypt and Greece
18 Feb 2024
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Related questions
Below is a production possibilities table for consumer goods and capital goods:
| Alternatives | Capital goods | Consumer goods |
| A | 0 | 70 |
| B | 3 | 65 |
| C | 6 | 55 |
| D | 9 | 40 |
| E | 12 | 20 |
| F | 15 | 0 |
a. Show these data graphically.
b. Upon what specific assumptions is this production possibilities curve based?
